Renforth to Acquire 100% Interest in New Alger Property

Renforth to Acquire 100% Interest in New Alger Property 
TORONTO, ONTARIO -- (Marketwire) -- 01/29/13 -- Renforth Resources
Inc. ("Renforth" or the "Company") (CNSX:RFR) announces that it has
entered into an agreement (the "Purchase Agreement") with Cadillac
Ventures Inc. ("Cadillac") to acquire a 100% interest in Cadillac's
New Alger Property, located in Cadillac Township, Quebec. 
The Purchase Agreement provides for the payment to Cadillac of the
following: (i) $20,000 cash and 2,000,000 common shares of Renforth
at the time of signing the Agreement, (ii) $210,000 cash by June 15,
2013, and (iii) $250,000 cash by November 15, 2013. Upon satisfaction
of the foregoing conditions, Renforth will acquire a 100% interest in
the property, subject to an existing 1% net smelter return royalty
and Cadillac will retain an additional 1% net smelter return royalty. 
The New Alger Property was historically productive intermittently
between 1929 and 1948. Historical and Quebec government records
indicate that the minimum production was 21,740 oz. of gold from
175,055 tons of mined rock representing an average grade of 4.22 g/t
Au. 
"Renforth is pleased to be in the position to be able to own 100% of
the New Alger Property, and bring current exploration and technical
methodology to bear on a property that has sat largely idle, for a
long period of time. We are excited to be in the Cadillac Break, and
look forward to commencing an exploration program," states Nicole
Brewster, President and CEO of Renforth. 
The Purchase Agreement terminates the previous agreement between the
parties under which Renforth had an option to acquire a 51% joint
venture interest in the New Alger Property. 
ABOUT RENFORTH  
Renforth Resources Inc. is a Toronto-based exploration company
pursuing the development of the Company's Mink Lake Project in the
Red Lake area of Northwestern Ontario. The Company is also evaluating
additional exploration opportunities on an ongoing basis. 
No securities regulatory authority has approved or disapproved of the
contents of this news release. 
Contacts:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
(416) 368.5049
(416) 368.3151 (FAX)
nicole@renforthresources.com
 
 
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